LTCG Investment in NHAI Bonds - Joint owners

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  1. AnkitguptA

    AnkitguptA New Member

    Dear Sir/Madam,

    My father has a Long term capital gain of Rs 50,00,000 from a residential property.

    He is investing Rs 50,00,000 in NHAI bonds from the same account to save the following tax.

    If i become a joint bond holder (2nd) without any investment then can he claim deduction of full Rs 50,00,000 in capital gain calculation? ( or it will be reduced to half as number of bond holder is 2 )

    All experts are requested to Please help
    Regards
     
    Last edited: Jan 14, 2015
  2. Sahil Oberoi

    Sahil Oberoi Member

    If your father is the 1st holder and you are the 2nd holder - then he can claim the deduction.
     
    AnkitguptA likes this.
  3. AnkitguptA

    AnkitguptA New Member

    Thanks for reply Sir,
    S
    If my father is 1st bond holder then can my father claim deduction for entire Rs 50,00,000 or he can claim only for half?
     
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